Google is buying Fitbit for $2.1 billion (GOOGL, GOOG, FIT)

Google is acquiring the popular wearable maker Fitbit in a deal worth $2.1 billion, the tech giant announced on Friday.
The deal is expected to close in 2020.
Google is paying $7.35 per share, a major premium on Fitbit's current stock price.
Visit Business Insider's homepage for more stories.Google is buying wearables maker Fitbit for $2.1 billion in cash, a bold move by the internet giant to boost its capabilities in the nascent market for wearable technology even as it faces intense regulatory